Dubai is dead, any alternative to the free zone 9% tax?
- Thread starter JonnyStekkino
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What about Hong Kong Company + Bahrain Personal Residency?
Technically should be 0% taxes everywhere and 0 days required of stay for each country.
Technically should be 0% taxes everywhere and 0 days required of stay for each country.
Have a look at below thread.
https://www.offshorecorptalk.com/threads/aifc-kazakhstan.41202/
However you need to explain your situation a bit more.
https://www.offshorecorptalk.com/threads/aifc-kazakhstan.41202/
However you need to explain your situation a bit more.
Can't see it, it's mentor group gold.
Btw right now I have everything in Dubai ( Residency + Company ), and living in the Philippines (Tourist Visa), just go to dubai a couple of times a year to maintain everything.
The thing for me it's to keep paying 0 taxes.
Considering that I can get also a Bahrain residency easly (without company)
Btw right now I have everything in Dubai ( Residency + Company ), and living in the Philippines (Tourist Visa), just go to dubai a couple of times a year to maintain everything.
The thing for me it's to keep paying 0 taxes.
Considering that I can get also a Bahrain residency easly (without company)
T
thomasparra
Guest
Is paying a bit of tax (2-8%) really THAT bad honestly? Especially as if you take out a salary, unless disproportionate would be untaxed, so you would be looking on the low end of 2-3%, unless you are pulling millions and millions every year. And in that case it would be generally unwise to take everything out from the company, you can invest it in a sister company thru a holding in real estate, stocks etc...
Is paying a bit of tax (2-8%) really THAT bad honestly? Especially as if you take out a salary, unless disproportionate would be untaxed, so you would be looking on the low end of 2-3%, unless you are︀ pulling millions and millions every year. And in that case it would be generally unwise︁ to take everything out from the company, you can invest it in a sister company︂ thru a holding in real estate, stocks etc...
Was just saying haha, not everybody knows that Uruguays requires you to rent a +$1000 office and hire at least 1 +$1000 employee if you are a one person business in order to give you the access to the free zone so basically you are paying ~$24000 just for being there... Good thing is that Uruguay Free Zone laws are extremely more stable than the UAE smi(&%
I know, that's why a few of the biggest LATAM companies are there but if OP is already complaining for the 9% in UAE... I don't think the ~24k min expenses at the corporate level + 12% tax rate when he decides to withdraw the earnings will be desirable for him
HK is an option, Seychelles too.
You can also do Estonia and finesse it a bit when you take a salary by using another company for 'insert some bs here' services.
You can also do Estonia and finesse it a bit when you take a salary by using another company for 'insert some bs here' services.
The main issue with this non sense juristictions is the missing support from Banks / Payment Gateways.
Even Bahrain is not supported by stripe at the moment even tho bank are not bad.
Seychelles is basically not supported by anyone.
Hong Kong looks way more interesting at this point than Dubai to me.
Even without the offshore status approved it's still 8.5% (0.5% less than Dubai) and waay more cheaper to incorporate and manage, Dubai free zone licenses are starting at 4k$ a year, where HK can be as low as $600.
Even Bahrain is not supported by stripe at the moment even tho bank are not bad.
Seychelles is basically not supported by anyone.
Hong Kong looks way more interesting at this point than Dubai to me.
Even without the offshore status approved it's still 8.5% (0.5% less than Dubai) and waay more cheaper to incorporate and manage, Dubai free zone licenses are starting at 4k$ a year, where HK can be as low as $600.
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